William Blair analyst Ralph Schackart has maintained their bullish stance on ABNB stock, giving a Buy rating on May 4.
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Ralph Schackart has given his Buy rating due to a combination of factors reflecting Airbnb’s resilient business model and strong execution. He highlights that the company outperformed its revenue guidance despite geopolitical turmoil and higher cancellations in EMEA and Asia-Pacific, benefiting from a diversified global presence that lets it offset regional disruptions. He also points to the expanding range of services and experiences, which is improving customer conversion, as many first-time experience users return to book stays or services and over half of hotel guests later book homes on the platform.
Schackart further underscores the growing role of artificial intelligence in boosting productivity and lowering costs, with a majority of internal code now AI-generated and a rising share of customer issues handled without human agents, contributing to a notable reduction in cost per booking. In addition, he views Airbnb’s focus on major global events, such as the recent Olympics and the upcoming World Cup, as a powerful driver of new listings, demand, and brand recognition, with many first-time hosts expected to remain on the platform beyond these events. These dynamics, combined with double-digit growth in gross booking value that exceeded market expectations, support his positive long-term outlook and Buy recommendation.
In another report released on May 4, Evercore ISI also reiterated a Buy rating on the stock with a $145.00 price target.